King Waterbeds has an annual cash dividend policy that raises the dividend each year by 5%. The most recant dividend, Divo. Was $0.50 per share. What is the st. price if a. an investor wants a return of 7% ? b. an investor wants a return of 10% ? c. an investor wants a return of 11% ? d. an investor wants a retum of 15% ? e. an investor wants a return of 17% ? a. What is the stock's price if an investor wants a return of 7% ? 1. (Round to the nearest cent.)